Market Summary
USD108.15+1.49
Market Closed1.40%
TROW Stock Price
TROW RSI Chart
TROW Valuation
TROW Price/Sales (Trailing)
TROW Profitability
TROW Fundamentals
TROW Revenue
TROW Earnings
Price Action
52 Week Range
93.53156.02
(Low)(High)
Last 7 days
-5.3%
Last 30 days
-12.1%
Last 90 days
-4.7%
Trailing 12 Months
-22.6%
TROW Financial Health
TROW Investor Care
Peers (Alternatives to T Rowe Price Group)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
CME | 67.2B | 5.0B | -1.37% | -20.87% | 24.96 | 13.38 | 7.03% | 2.07% |
ICE | 55.5B | 9.6B | -10.69% | -24.62% | 38.36 | 5.76 | 5.10% | -64.37% |
NDAQ | 26.1B | 6.2B | -12.89% | -69.27% | 23.21 | 4.19 | 5.78% | -5.22% |
TROW | 24.5B | 6.5B | -12.11% | -22.62% | 12.06 | 3.54 | -15.43% | -49.47% |
CBOE | 13.1B | 4.0B | -4.92% | 7.40% | 55.9 | 3.32 | 13.27% | -55.58% |
| MID-CAP | ||||||||
IBKR | 7.9B | 2.7B | -12.10% | 23.15% | 4.31 | 2.95 | 95.77% | 12.59% |
SEIC | 7.5B | 2.0B | -12.37% | -3.86% | 15.68 | 3.75 | 3.79% | -13.01% |
SF | 6.2B | 4.6B | -17.08% | -14.81% | 9.36 | 1.35 | -3.98% | -19.72% |
SNEX | 1.9B | 64.7B | -11.71% | 27.62% | 8 | 0.03 | 35.87% | 74.73% |
| SMALL-CAP | ||||||||
BGCP | 2.0B | 1.8B | 17.91% | 16.69% | 41.14 | 1.12 | 16.43% | -60.72% |
VIRT | 1.8B | 2.4B | -12.59% | -48.39% | 6.93 | 0.78 | -15.89% | -44.42% |
COWN | 1.1B | 1.5B | 0.39% | 32.10% | 14.3 | 0.71 | -27.22% | -74.14% |
AC | 816.3M | 10.3M | -0.68% | -10.61% | -15.36 | 79.32 | -29.47% | -152.67% |
WETF | 742.8M | 301.3M | 9.41% | -21.41% | 14.66 | 2.47 | -0.98% | 1.78% |
OPY | 445.7M | 1.1B | -15.80% | -8.69% | 13.78 | 0.4 | -20.31% | -79.65% |
Financials for T Rowe Price Group
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Revenue | -6.3% | 6,488 | 6,926 | 7,292 | 7,708 | 7,672 |
| Operating Expenses | 4.4% | 4,115 | 3,943 | 3,887 | 4,014 | 3,962 |
| EBITDA | -19.4% | 2,170 | 2,693 | 3,179 | 3,888 | - |
| EBITDA Margin | -14.0% | 0.33* | 0.39* | 1.22* | 0.50* | - |
| Earnings Before Taxes | -21.2% | 1,948 | 2,472 | 2,965 | 3,678 | 3,995 |
| EBT Margin | -15.9% | 0.30* | 0.36* | 1.14* | 0.48* | - |
| Net Income | -23.4% | 1,558 | 2,033 | 2,425 | 2,901 | 3,083 |
| Net Income Margin | -18.2% | 0.24* | 0.29* | 0.93* | 0.38* | - |
| Free Cahsflow | -19.0% | 2,122 | 2,618 | 3,137 | 3,326 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Assets | -2.9% | 11,643 | 11,993 | 11,769 | 12,348 | 12,509 |
| Cash Equivalents | -25.8% | 1,756 | 2,366 | 2,116 | 1,998 | 1,523 |
| Net PPE | 0.4% | 756 | 753 | 747 | 736 | 736 |
| Goodwill | -0.4% | 2,643 | 2,652 | 2,652 | 2,644 | 2,693 |
| Liabilities | -14.9% | 1,956 | 2,298 | 2,031 | 2,231 | 2,255 |
| Shareholder's Equity | -0.8% | 8,840 | 8,908 | 9,173 | 9,327 | 9,023 |
| Additional Paid-In Capital | -12.3% | 438 | 499 | 655 | 668 | 920 |
| Minority Interest | -7.9% | 191 | 207 | 209 | 272 | 249 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
| Cashflow From Operations | -17.4% | 2,359 | 2,856 | 3,377 | 3,561 | 3,452 |
| Share Based Compensation | -2.9% | 285 | 294 | 284 | 281 | 275 |
| Cashflow From Investing | 96.6% | -41.50 | -1,225 | -1,129 | -1,063 | -1,098 |
| Cashflow From Financing | 23.5% | -2,076 | -2,714 | -3,627 | -3,325 | -2,988 |
| Dividend Payments | 2.5% | 1,107 | 1,080 | 1,753 | 1,729 | 1,702 |
| Buy Backs | -38.8% | 850 | 1,389 | 1,383 | 1,225 | 1,139 |
Risks for TROW
What is the probability of a big loss on TROW?
62.3%
Probability that T Rowe Price Group stock will be more than 20% underwater in next one year
41.5%
Probability that T Rowe Price Group stock will be more than 30% underwater in next one year.
14.2%
Probability that T Rowe Price Group stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does TROW drawdown profile look like?
Y-axis is the maximum loss one would have experienced if T Rowe Price Group was unfortunately bought at previous high price.
Drawdowns
Returns for TROW
Cumulative Returns on TROW
6.5%
10-Year Cumulative Returns
8.9%
7-Year Cumulative Returns
1.1%
5-Year Cumulative Returns
2.4%
3-Year Cumulative Returns
What are the long-term rolling returns for TROW?
FIve years rolling returns for T Rowe Price Group.
Annualized Returns
Which funds bought or sold TROW recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-03-15 | B. Riley Wealth Advisors, Inc. | added | 20.07 | 56,667 | 287,667 | 0.01% |
2023-03-13 | Claro Advisors LLC | added | 38.3 | 119,572 | 483,572 | 0.16% |
2023-03-10 | MATHER GROUP, LLC. | added | 8.46 | 1,266,810 | 11,286,800 | 0.22% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 226 | 208,846,000 | 296,053,000 | 0.32% |
2023-03-10 | BAILLIE GIFFORD & CO | added | 0.49 | 1,302,630 | 31,124,600 | 0.03% |
2023-03-08 | SHEETS SMITH WEALTH MANAGEMENT | reduced | -11.69 | -28,996 | 327,004 | 0.05% |
2023-03-06 | NORTH STAR ASSET MANAGEMENT INC | added | 3.28 | 1,285,630 | 19,007,600 | 1.18% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -10.33 | -176,000 | 2,377,000 | 0.01% |
2023-03-03 | TIAA, FSB | reduced | -8.77 | -21,289 | 375,711 | -% |
2023-03-02 | LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA | new | - | 221,065 | 221,065 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
T Rowe Price Group News
Schedule 13G FIlings of T Rowe Price Group
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 10, 2023 | state street corp | 6.69% | 14,949,873 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 12.40% | 27,714,213 | SC 13G/A | |
| Feb 07, 2023 | blackrock inc. | 8.2% | 18,399,873 | SC 13G/A | |
| Feb 14, 2022 | state street corp | 5.40% | 12,126,661 | SC 13G/A | |
| Feb 03, 2022 | blackrock inc. | 8.4% | 18,809,279 | SC 13G/A | |
| Feb 11, 2021 | state street corp | 5.06% | 11,462,942 | SC 13G | |
| Feb 10, 2021 | vanguard group inc | 8.71% | 19,720,005 | SC 13G/A | |
| Feb 01, 2021 | blackrock inc. | 7.9% | 17,971,561 | SC 13G/A | |
| Feb 14, 2020 | state street corp | 5.6% | 13,093,054 | SC 13G | |
| Feb 12, 2020 | vanguard group inc | 8.86% | 20,717,039 | SC 13G/A |
TROW Fair Value
Recent SEC filings of T Rowe Price Group
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Mar 06, 2023 | 8-K | Current Report | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Mar 01, 2023 | 4 | Insider Trading | |
| Feb 22, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 4 | Insider Trading | |
| Feb 15, 2023 | 10-K | Annual Report |
Latest Insider Trading transactions for TROW
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-28 | Robert W. Sharps | acquired | 1,750 | 112 | 15.5115 | ceo and president |
2023-02-28 | Stromberg William J | sold (taxes) | -761,217 | 111 | -6,824 | non-executive cob |
2023-02-28 | Robert W. Sharps | sold (taxes) | -803,048 | 111 | -7,199 | ceo and president |
2023-02-21 | Thomson Andrew Justin Mackenzie | sold | -1,370,750 | 114 | -11,969 | vice president |
2023-02-21 | Thomson Andrew Justin Mackenzie | acquired | 821,162 | 68.6074 | 11,969 | vice president |
2023-02-14 | Robert W. Sharps | acquired | - | - | 20,491 | ceo and president |
2023-02-14 | Page Sebastien | acquired | - | - | 8,279 | vice president |
2023-02-14 | Stromberg William J | acquired | - | - | 23,388 | non-executive cob |
2023-02-14 | Veiel Eric L | acquired | 14,401 | 1.09359 | 13,168 | vice president |
2023-02-13 | Jackson Stephon A. | acquired | 249,731 | 68.6074 | 3,640 | vice president |
T. Rowe Price Group, Inc. is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe. It employs fundamental and quantitative analysis with a bottom-up approach. The firm utilizes in-house and external research to make its investments. It employs socially responsible investing with a focus on environmental, social, and governance issues. It makes investment in late-stage venture capital transactions and usually invests between $3 million and $5 million. The firm was previously known as T. Rowe Group, Inc. and T. Rowe Price Associates, Inc. T. Rowe Price Group, Inc. was founded in 1937 and is based in Baltimore, Maryland, with additional offices in Colorado Springs, Colorado; Owings Mills, Maryland; San Francisco, California; New York, New York; Philadelphia, Pennsylvania; Tampa, Florida; Toronto, Ontario; Hellerup, Denmark; Amsterdam, The Netherlands; Luxembourg, Grand Duchy of Luxembourg; Zurich, Switzerland; Dubai, United Arab Emirates; London, United Kingdom; Sydney, New South Wales; Hong Kong; Tokyo, Japan; Singapore; Frankfurt, Germany, Madrid, Spain, Milan, Italy, Stockholm, Sweden, Melbourne, Australia, and Amsterdam, Netherlands.
TROW Income Statement
2022-12-31CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
| Revenues | |||
| Net revenues | $ 6,488.4 | $ 7,671.9 | $ 6,206.7 |
| Operating expenses | |||
| Compensation and related costs | 2,320.8 | 2,383.0 | 2,182.4 |
| Distribution and servicing costs | 301.5 | 373.9 | 278.5 |
| Advertising and promotion | 97.3 | 100.2 | 83.7 |
| Product and recordkeeping related costs | 300.1 | 236.3 | 155.5 |
| Technology, occupancy, and facility costs | 560.5 | 484.9 | 444.8 |
| General, administrative, and other | 412.2 | 383.6 | 316.1 |
| Change in fair value of contingent consideration | (161.2) | 0.0 | 0.0 |
| Acquisition-related amortization and impairment costs | 283.5 | 0.0 | 0.0 |
| Total operating expenses | 4,114.7 | 3,961.9 | 3,461.0 |
| Net operating income | 2,373.7 | 3,710.0 | 2,745.7 |
| Non-operating income (loss) | |||
| Net gains (losses) on investments | (204.7) | 215.8 | 246.8 |
| Net gains (losses) on consolidated investment products | (203.5) | 74.7 | 251.7 |
| Other losses | (17.3) | (5.9) | (2.0) |
| Total non-operating income (loss) | (425.5) | 284.6 | 496.5 |
| Income before income taxes | 1,948.2 | 3,994.6 | 3,242.2 |
| Provision for income taxes | 498.6 | 896.1 | 718.9 |
| Net income | 1,449.6 | 3,098.5 | 2,523.3 |
| Less: net income (loss) attributable to redeemable non-controlling interests | (108.3) | 15.6 | 150.6 |
| Net income attributable to T. Rowe Price Group | $ 1,557.9 | $ 3,082.9 | $ 2,372.7 |
| Earnings per share on common stock of T. Rowe Price Group | |||
| Basic (in dollars per share) | $ 6.73 | $ 13.25 | $ 10.08 |
| Diluted (in dollars per share) | $ 6.70 | $ 13.12 | $ 9.98 |
| Investment advisory fees | |||
| Revenues | |||
| Net revenues | $ 5,969.1 | $ 7,098.1 | $ 5,693.1 |
| Capital allocation-based income | |||
| Revenues | |||
| Net revenues | (54.3) | 0.0 | 0.0 |
| Administrative, distribution, and servicing fees | |||
| Revenues | |||
| Net revenues | $ 573.6 | $ 573.8 | $ 513.6 |
TROW Balance Sheet
2022-12-31CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 1,755.6 | $ 1,523.1 |
| Accounts receivable and accrued revenue | 748.7 | 1,058.3 |
| Investments | 2,539.2 | 2,975.5 |
| Assets of consolidated sponsored investment products ($1,375.6 million at December 31, 2022 and $1,761.5 million at December 31, 2021, related to variable interest entities) | 1,603.4 | 1,962.8 |
| Operating lease assets | 279.4 | 201.2 |
| Property, equipment and software, net | 755.7 | 736.2 |
| Intangible assets | 629.8 | 913.4 |
| Goodwill | 2,642.8 | 2,693.2 |
| Other assets | 688.7 | 445.3 |
| Total assets | 11,643.3 | 12,509.0 |
| LIABILITIES | ||
| Accounts payable and accrued expenses | 406.7 | 431.0 |
| Liabilities of consolidated sponsored investment products ($39.1 million at December 31, 2022 and $36.2 million at December 31, 2021, related to variable interest entities) | 89.1 | 51.5 |
| Operating lease liabilities | 329.6 | 249.2 |
| Accrued compensation and related costs | 228.0 | 256.8 |
| Supplemental savings plan liability | 761.2 | 882.6 |
| Contingent consideration liability | 95.8 | 306.3 |
| Income taxes payable | 46.0 | 77.9 |
| Total liabilities | 1,956.4 | 2,255.3 |
| Commitments and contingent liabilities | ||
| Redeemable non-controlling interests | 656.7 | 982.3 |
| STOCKHOLDERS’ EQUITY | ||
| Preferred stock, undesignated, $.20 par value—authorized and unissued 20,000,000 shares | 0.0 | 0.0 |
| Common stock, $.20 par value—authorized 750,000,000; issued 224,310,000 shares at December 31, 2022 and 229,175,000 at December 31, 2021 | 44.9 | 45.8 |
| Additional capital in excess of par value | 437.9 | 919.8 |
| Retained earnings | 8,409.7 | 8,083.6 |
| Accumulated other comprehensive loss | (53.0) | (26.5) |
| Total stockholders' equity attributable to T. Rowe Price Group, Inc. | 8,839.5 | 9,022.7 |
| Non-controlling interests in consolidated entities | 190.7 | 248.7 |
| Total permanent stockholders' equity | 9,030.2 | 9,271.4 |
| Total liabilities, redeemable non-controlling interests and permanent stockholders’ equity | $ 11,643.3 | $ 12,509.0 |